IRS Commissioner Danny Werfel updated the Senate Finance Committee on the agency’s efforts to combat fraudulent Employee Retention Tax Credit (ERTC) claims. He detailed processing changes being implemented during the claim-processing moratorium, including an effort to transcribe fields from amended paper returns to identify tough-to-find sources of ineligibility. The IRS plans to complete the digitization of amended paper returns over the next four months. These and other fraud protection measures are necessary before resuming ERTC claim processing. The IRS has withdrawal and repayment programs for questionable ERTC claims.
Our Blog 